TRI-CITIES HISTORICAL MUSEUM INC (EIN 237070227) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

TOM PULEO

Phone

6168420700

Tax Period

2024-01-01 to 2024-12-31

TRI-CITIES HISTORICAL MUSEUM INC, founded in 1962, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $3.3M represent 39 months of operating reserves.

Mission

TO COLLECT, DISPLAY AND INTERPRET THE CULTURAL AND HISTORIC RECORD OF NORTHWEST OTTAWA COUNTY FOR THE BENEFIT AND EDUCATION OF AREA CITIZENS AND VISITORS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $914,140

Program Service Revenue $83

Investment Income $89,405

Other Revenue $10,988

TOTAL REVENUE $1,014,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $548,951

Fundraising Expenses $1,206

Program Expenses $768,811

Other Expenses $481,755

TOTAL EXPENSES $1,030,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,014,616	$935,264	+0.1%
Expenses	$1,030,706	$927,048	+0.1%
Net Income	$-16,090	$8,216	-3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$87,614

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM PULEO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANETTE WEIDEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANNIE HAMSTRA	TREASURER	1.00	Officer Director	$0	$0	$0
ANNIE BAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT MANN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MOSER-KUIPER	DIRECTOR	1.00	Director	$0	$0	$0
ERNIE PETRUS	DIRECTOR	1.00	Director	$0	$0	$0
WENDY KNOTH	DIRECTOR	1.00	Director	$0	$0	$0
ERICA LAYTON	EXECUTIVE DI	40.00	Officer	$87,614	$0	$87,614

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,014,616	$1,030,706	$3,350,961	$-16,090
2023	$935,264	$927,048	$3,290,282	$8,216
2022	$806,109	$842,388	$3,159,843	$-36,279
2021	$874,863	$866,403	$3,444,596	$8,460
2020	$858,174	$829,389	$3,329,102	$28,785
2019	$804,586	$824,401	$3,225,369	$-19,815
2018	$774,303	$821,260	$3,102,262	$-46,957

TRI-CITIES HISTORICAL MUSEUM INC